Regions
Meet Freddie Mac’s Newest SVP
Steve Lansbury joined the financier two decades ago. He will replace Deborah Jenkins, who will also be promoted to executive vice president.
Multifamily Design Trends: Workspaces in the Lobby
Color, functionality and a social atmosphere are three very important aspects when designing a community for the younger generation, according to Jules Escalona, art director at Straight Designs. Another key feature is the revamped version of the classic business center.
Standard Communities Upgrades San Jose Senior Housing Community
The affordable housing division of Standard Cos. renovated Villa de Guadalupe Apartments, preserving the property’s affordability. The three-story asset serves low-income seniors.
$17M Adaptive Reuse Project Opens in NY
A trio of companies redeveloped a vacant industrial building in Cortland into mixed-income apartments and more than 100,000 square feet of commercial space.
On the Market: 5 Interesting Listings for the Week of 9/24
This week’s listings include a value-add opportunity in the growing Glendale area of Queens, N.Y.; a well-positioned Connecticut portfolio; and more.
Landlords Get Innovative to Fill Vacancies
Turnkey rental solutions are a viable alternative and supplement to traditional tenancies. Be sure to check local laws and lender requirements first, though.
Affordable San Diego Asset Lands $52M Refi
Berkeley Point arranged the financing for Lantana Hills Apartment Homes, a 380-unit property built in two phases. The community underwent extensive renovations between 2014 and 2017.
Inside the Mind of the Millennial Landlord
Lukas Krause, president of Real Property Management, touches on how Generation Y members can avoid the most common mistakes when managing a multifamily asset.
Bellwether Enterprise Secures $21M for SF Affordable Housing Portfolio
The five properties, which include 370 units, received a Freddie Mac Freddie Mac Targeted Affordable Housing Preservation Loan that will go toward deferred maintenance to allow for safe affordable housing in high-cost markets for the long term.
CPDC Breaks Ground on VA Mixed-Income Development
The community in Richmond’s Jackson Ward neighborhood will comprise two buildings, one for low-income seniors and the other dedicated to workforce housing.